UFP Technologies, Inc. (NASDAQ:UFPT) VP Sells $50,032.74 in Stock

UFP Technologies, Inc. (NASDAQ:UFPT) VP Jason Holt sold 146 shares of the firm’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $342.69, for a total transaction of $50,032.74. Following the transaction, the vice president now directly owns 6,721 shares of the company’s stock, valued at $2,303,219.49. The trade was a 2.13 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

UFP Technologies Stock Down 4.7 %

UFPT opened at $294.93 on Friday. The company has a market capitalization of $2.26 billion, a PE ratio of 42.07 and a beta of 0.96. The firm has a 50-day simple moving average of $309.51 and a two-hundred day simple moving average of $295.37. The company has a quick ratio of 1.43, a current ratio of 2.57 and a debt-to-equity ratio of 0.64. UFP Technologies, Inc. has a 52 week low of $152.43 and a 52 week high of $366.41.

Hedge Funds Weigh In On UFP Technologies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC raised its holdings in shares of UFP Technologies by 1,614.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 120 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 113 shares in the last quarter. Northwest Investment Counselors LLC purchased a new stake in UFP Technologies during the third quarter valued at $32,000. Advisors Asset Management Inc. bought a new position in UFP Technologies during the first quarter valued at $35,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of UFP Technologies in the 2nd quarter worth $36,000. Finally, GAMMA Investing LLC increased its holdings in shares of UFP Technologies by 77.9% in the 3rd quarter. GAMMA Investing LLC now owns 137 shares of the industrial products company’s stock worth $43,000 after buying an additional 60 shares during the last quarter. 87.28% of the stock is owned by institutional investors.

UFP Technologies Company Profile

UFP Technologies, Inc designs and manufactures solutions for medical devices, sterile packaging, and other highly engineered custom products. The company offers protective drapes for robotic surgery, single patient use surfaces, advanced wound care, infection prevention, disposables for surgical and endoscopic procedures, packaging for medical devices, orthopedic implants, biopharma drug manufacturing, and coils for catheters; and molded components for applications in acoustic insulation, interior trim, load floors, sunshades, SUV cargo cover handles, driveshaft damping, engine and manifold covers, quarter panels, and wheel liners.